Does Gusto report W-2 code TT?
Short answer: Yes, for payroll run in Gusto. Gusto calculates the federal overtime premium, with nondiscretionary bonuses in the regular rate and a weekly weighted average for several rates, and reports it in box 12 code TT. Overtime paid outside Gusto must be entered by hand.
| Calculates code TT itself | Yes |
|---|---|
| What it uses | Enter weekly overtime hours when you run payroll (or let Gusto Time Tracking supply them). Confirm each pay schedule's workweek start, mark custom earnings as included or excluded from overtime, and record hours and earnings in the week they were earned. |
| Check the amount | Payroll Journal and Employee Hours reports show overtime, regular-rate adjustments and qualified earnings. Fix box 12 amounts through Taxes & compliance > Update W-2 special compensation; Gusto prepares the W-2c if it filed the original. |
What to watch
- Gusto counts only FLSA-required overtime: daily overtime (such as California after 8 hours), the extra part of double time, overtime for exempt employees and union or policy overtime don't count.
- Overtime paid before you joined Gusto or through another payroll must be entered yourself, as the premium only, not the full overtime wages.
- Gusto's regular rate calculation covers weekly, biweekly and semimonthly pay schedules.
- If hours and earnings aren't allocated to their week, Gusto spreads them evenly across the pay period, which it says may be inaccurate.
Check the number before the W-2 goes out
Export hours and earnings per workweek and run them through the free code TT calculator. It rebuilds the FLSA premium week by week (several rates, bonuses spread back, fluctuating workweek, weeks split by pay date) and runs in your browser. Big gaps usually come from bonuses, double time or state daily overtime.
Export hours and earnings per workweek and run them through the free code TT calculator. It rebuilds the FLSA premium week by week (several rates, bonuses spread back, fluctuating workweek, weeks split by pay date) and runs in your browser. Big gaps usually come from bonuses, double time or state daily overtime.
Whole payroll, offline? The W-2 Code TT Kit runs every employee in one file with no network access, plus CSV templates, the week-by-week audit trail and a 12-page guide to every rule.
Get the kit ($29, accountants $99)
Get the kit ($29, accountants $99)
Sources
- Gusto: The One Big Beautiful Bill (OBBB or OB3) Act
- Gusto: Overtime hours and pay
- Gusto: Regular rate of pay (RRP)
- Gusto: Correct a W-2 in Gusto (for admins)
From Gusto's own help pages, checked 27 October 2026. Payroll products change often: the vendor's page wins. Independent page, not affiliated with Gusto. Not tax or legal advice.
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